SiMa.ai secures $70M funding to introduce a multimodal GenAI chip

SiMa.ai, a Silicon Valley-based startup producing embedded ML system-on-chip (SoC) platforms, today announced that it has raised a $70 million extension funding round as it plans to bring its second-generation chipset, specifically built for multimodal generative AI processing, to market. According to Gartner, the market for AI-supporting chips globally is forecast to more than double […]

© 2024 TechCrunch. All rights reserved. For personal use only.

ai ai processing chip chips embedded extension funding funding round fundraising gartner genai generative market maverick capital multimodal platforms processing silicon silicon valley sima sima.ai soc startup startups system-on-chip valley